Popularity of Robux Currency in Gaming Industry

1. Popularity of Robux Currency in Gaming Industry Table of contents 1. Introduction 2. What is Robux? 3. What is Roblox? 4. Why is Roblox popular? 5. Fluctuations in the value of Robux 6. What are the ways to earn Robux? 7. Exchanging Robux 8. GammaStack : Offering advanced iGaming software development solutions & services 9. Sources 10. Frequently asked questions The iGaming industry has evolved significantly since the past few years and has seen multiple advancements. The gameplay of iGaming enthusiasts has become much more convenient and secure through engaging UI/UX, powerful game features, safe payment options and much more. If you are a gaming enthusiast, then you must have heard about Roblox and Robux. Roblox fans know the vitality of Robux in the gameplay as it helps in unlocking different things through experiences. It may be a cool and trending outfit or any other item necessary for taking the player's gameplay to next level. Robux is familiar to all those who play Roblox and they already know how important it is to buy Robux for getting items, levelling up the gameplay and playing better games. Find interesting? Let’s discuss

2. What is Robux? Robux is used by the gamers as the in-game currency in Roblox and can be purchased directly from the website of Roblox or you can also purchase gift cards from the retail stores like Amazon and Best Buy. It can be used for buying special abilities or avatars upgrades in the games. Though most of the games in Roblox are free, there are certain games like Bloxburg in which Robux is required for playing. For instance, Bloxburg costs 25 Robux for playing which is equivalent to $0.99. Accounts which are having a membership receive a Robux stipend and that is one of the ways of getting Robux. Robux can also be donated within the game by the players to one another. Robux was formerly denoted by ROBUX and now as R$. It was added on 14th May, 2007 and was one of the currencies alongside Tix on the platform. Tix was removed on 14th April, 2016. The name of Robux came from Shedletsky and it was known as the primary currency of Roblox. All the paid items in the avatar shop in Roblox are sold for Robux which covers user created contents including game passes as well as microtransactions. It has also been intertwined with the meme culture as memes which are based on a virtual currency usually mock Robux. It is employed outside as well as inside Roblox’s culture because it’s an iconic virtual currency. On 21st November, 2019, the icon of Robux was replaced to a rounded hexagonal shape; also the colour was updated to gold from the former R$ symbol. Any doubts? Discuss with us What is Roblox? ● Roblox is a social gaming platform which works on MMO or massively multiplayer online model. Each month, more than 62 million players make use of the Roblox game. Roblox’s specialty is that players can easily do creation as well as designing of their games in the platform of Roblox which eventually opens doors for an exclusive user experience. It works on various platforms such as Microsoft Windows, iOS, Mac OS X, Xbox One and Android. Game environment of the Roblox platform can be altered with the use of Lua which is a lightweight and multi-paradigm programming language. A mechanism of group creation is followed by the Roblox game for promoting coordination among players. Different genres of groups include building groups, war groups, city groups, forum groups, fan clubs, etc. ● ● ● ● ● Any questions in mind? Ask us

3. Why is Roblox popular? ● Popularity of Roblox is high among children belonging to both genders which include nearly 40% female players. As per research about the game usage in the UK nation, about 1.5 million children play the game with about 24% of British belonging to the age group of 10-12 years playing on Roblox which outscores Snapchat having 20% and TikTok having 13%. Usage of Roblox by UK children of 10-12 years of age exceeded the time which they spent watching traditional TV on Cartoon Network, Nickelodeon and CBBC. Though YouTube has more popularity than Roblox, the game company has recognized the vitality of this video platform to build its followers in the same way as influencers of Twitch do recording of their games and then share their videos on their YouTube channels. The gamers of Roblox also record their games and then share them on YouTube. It is claimed by Roblox that they have gained most players with the help of word of mouth. The game is liked by a kid, who then invites his/her other friends to join the game and then their friends join the game and invite others for it & so on. It’s just not a game to be played isolated in a room but it is an environment of game in which players join the game in a social setting with their friends. Roblox is loved by children as it offers a huge collection of games and you can collect badges and track the games being played by you. ● ● ● ● ● ● ● Have a query? Connect with us Fluctuations in the value of Robux ● ● Robux’s value has significantly decreased since its release. A Roblox blog article had once declared a game developer and Roblox player, Miked, as the wealthiest player of Roblox with 3,297 Robux. Today, there are many users having more than this but they are not counted wealthy by the community. This is because of the fact there is a generation of new Robux every time, a monthly stipend is earned by a user through their premium membership or they buy it directly from Roblox. This contributes to the inflation of the currency as there is an increasing count of players who continue to desire for the features or goods which cost Robux. The theories related to the Robux value’s dramatic shift have been embedded in the supply and demand’s idea. Demand and supply are inversely related. Increase in the demand of Robux in comparison to the minimal increase in its supply has resulted in a deficit of Robux. ● ● ● Have a doubt in mind? Let’s discuss What are the ways to earn Robux? Here are some of the ways through which you can earn Robux:- ● Design avatar clothing for selling

4. Creative Robux players can do creation of their own clothing for avatar to sell in catalogue or for their own players. It is easiest to make T-shirts by creating an image and then upload it on Roblox. You can also create pants and shirts but they are quite challenging to create. After creation of the clothing, an upload fee as well as selling fee needs to be paid depending on the items sold. After fees get paid, items get displayed in the catalogue and are ready to be sold for earning the creator robux. ● Develop game of your own on Roblox You can create as well as publish the games of your own without any additional help. Development of the game does not include any charges and you can make use of everything that is provided by Roblox. For earning Robux, you can do addition of monetization including in-game purchases. There is revenue split between the app store, developer, Roblox, a game monitoring and a platform fee. ● Purchase a membership Buying a premium membership helps you to automatically get a stipend of many Robux every month. On paying $4.99 per month, you get 450 Robux while on paying $9.99, you get 1,000 Robux per and the highest tier charges $19.99 a month in which you get 2,200 Robux. Exchanging Robux ● ● Current rate of exchange of Robux to USD is US $0.0035 cents per Robux. Amount of Robux which is able to be bought per one USD cent has been set at 0.8 base rate.

5. ● With the release of Robux currency exchange in November 2008, the players were facilitated to exchange Tix into Robux and vice versa. On 1st October, 2016, there was a release of the developer’s exchange and it allowed developers who meet certain qualifications to do exchange of Robux on a monthly basis to real-life currencies. For qualifying for DevEx, the person needs to be a good standing community member and should have earned around 50,000 Robux, be verified and should have a valid PayPal account. ● ● Any questions? Contact us READERS OF THIS BLOG ALSO READ https://www.gammastack.com/the-ultimate-guide-to-solana-casinos/ https://www.gammastack.com/role-of-back-office-systems-in-online-casino-platforms/ https://www.gammastack.com/white-label-casino-software-quick-way-of-starting-your-online- casino-business/ Need an online casino platform supported with Robux currency as payment option? Contact us GammaStack : Offering advanced iGaming software development solutions & services GammaStack offers a proprietary iGaming platform called GS Core and we can integrate sportsbook, online casino, online lottery, live casino, etc as per your requirement along with integration of the secure payment options required by you which include fiat as well as crypto payment options. We can also offer you advanced iGaming software solutions including an online casino platform supported with Robux currency as payment option. We can completely customise our iGaming software as per your requirement. Need advanced iGaming software? Contact us Sources https://getkidas.com/everything-you-need-to-know-about-robux/ https://influencermarketinghub.com/what-is-roblox/ https://blog.hootsuite.com/what-is-roblox/ https://roblox.fandom.com/wiki/Robux https://www.techprevue.com/role-robux-roblox-game-complete-guide/

6. Frequently asked questions 1. What is Robux? Robux is the in-game currency used in the Roblox platform by the gamers. 2. Can you offer an online casino software supported with Robux as payment option? Yes, we can offer an online casino software supported with Robux as a payment option. 3. Do you offer a comprehensive iGaming platform? Yes, we can offer a comprehensive and proprietary iGaming platform called GS Core. 4. Which payment options are supported in your iGaming software development solutions? Crypto as well as fiat payment options are supported in our iGaming software development solutions. 5. Is your iGaming software customisable? Yes, our iGaming software is completely customisable based on the client's specific requirements.